This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
$1 buys you full access to ALL of TheStreet's Subscription Services! Learn More

A Congo Gold Mine

Editor's Note: Jon D. Markman writes a weekly column for CNBC on MSN Money that is republished here on TheStreet.com.


Bummed by all the gray-haired killjoys telling you that all the fun is gone from investing, that small-caps are dead, emerging markets are over, commodities are a bust and cash is king?

Then step right up to Jon's little House of Crazy Joy, because have I got a thrill-ride stock for you. It's an idea for these stressed-out times so ridiculous that no one in their right mind would consider it. So, you know, it just might work.

Don't call your financial adviser, in other words. She'll never go for it. Instead, put down your granny glasses, twirl a globe to equatorial Africa and put your finger smack in the middle on the fat patch of country the size of Western Europe. It's probably labeled Zaire, but after decades of civil war, dictatorship, corruption and name-changing, this minerals-blessed nation with fewer than 400 miles of paved roads prefers to be known as the Democratic Republic of the Congo.

Hey, you know: tomato, to-mah-to. If a U.N.-sponsored election in three weeks works out as expected, you could call this place the Democratic Republic of Buried Treasure, because political stability will lead world credit-rating agencies to upgrade its sovereign rating -- an important step toward unlocking its incredible resources. For hidden beneath the DRC's dense mountain jungles are tens of billions of dollars worth of unexploited gold, diamonds, uranium, cobalt, tin and tungsten that have escaped major miners' grasp because the countryside has been far too dangerous to deploy modern equipment and workers.

The smart and sane way to play a new era of peace and prosperity in the DRC would be the shares of large international diggers such as BHP Billiton (BHP). But if you want to get all Jack Sparrow about it, then you'll want to know that the really big commercial winners will be a handful of small Canadian public companies with untapped claims that rank among the richest in the world.

1 of 4

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,827.75 +12.81 0.07%
S&P 500 2,072.83 +5.80 0.28%
NASDAQ 4,787.3170 +29.0650 0.61%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs